Sensex drops 1000 points on surging oil prices, massive selling in IT

Sensex drops 1000 points on surging oil prices, massive selling in IT

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

Published - April 24, 2026 at 05:50 PM

Markets slide for third straight day as crude spike, IT sell-off drag

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 05:43 PM

Markets Slump: Sensex Drops 1000 Points - Rediff Money

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 04:25 PM

Markets Slump for 3rd Day on Surging Oil Prices, Massive Selling in

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 04:56 PM

Markets slump for 3rd day on surging oil prices, massive selling in IT

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 04:50 PM

Sensex Drops 1000 Pts on Oil Price Rally, IT Sector Weakness - Rediff

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Sectoral Impact and Key Movers. From the Sensex constituents, Infosys dived

April 24, 2026 at 04:50 PM

Sensex tumbles, Nifty breaks key level; Rs 8–10 lakh crore wiped

GOOD NEWS; MOVIES. LIFESTYLE. VIDEOS. Business. Sensex tumbles, Nifty ... Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm

April 24, 2026 at 03:45 PM

Markets slump for 3rd day on surging oil prices, massive selling in IT

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 04:45 PM

Stock market crash: Sensex drops 1,000 pts as IT, oil drag indices

Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex constituents, Infosys dived 7.09 per cent after its revenue

April 24, 2026 at 04:35 PM

மே 4-ல் தோல்வி உறுதி! வெற்றி யாருக்கு? உடைக்கும்

வெறும் ₹10 முதல் SIP மூலம் முதலீட்டை தொடங்கலாம் என்று எளிய முறையில் மார்க்கெட்டை திறந்து வைத்தவர்… முதலீட்டை எல்லோருக்கும் எளிமையாக்கும் நோக்கத்துடன் புதிய மாற்றத்தை உருவாக்கி வரும் Enrich Money Founder & CEO – Ponmudi R

April 24, 2026 at 03:40 PM

Today Forecast

Pre-Market Outlook

2026-04-2406:50 AM

Indian equity markets are likely to open on a cautious note, as persistent geopolitical uncertainties continue to weigh on sentiment. The lack of meaningful progress in U.S.–Iran negotiations remains a key overhang, keeping investor confidence subdued.
 
Crude oil prices remain elevated above the $100 per barrel mark, driven by supply disruptions and rising tensions around the Strait of Hormuz, adding to macroeconomic concerns. Global markets are trading on a mixed to negative footing, with Asian equities under pressure due to the surge in oil prices and heightened geopolitical risks.
 
Foreign institutional investors remain cautious, with continued outflows observed in recent periods, reflecting concerns around valuations, elevated crude prices, and currency depreciation. Weakness in IT and financials has weighed on broader indices, while relatively defensive sectors such as FMCG and pharma have shown resilience. Overall, market sentiment remains fragile and highly news-driven, with near-term direction likely to be influenced by geopolitical developments and movements in crude oil prices.

 

Technical view

Nifty 50

Nifty 50 is currently trading near the 24,100–24,200 zone, exhibiting a cautious to mildly negative bias following recent weakness and its inability to sustain above key resistance levels. From a technical standpoint, the 24,300–24,400 range now acts as an immediate resistance band, as the earlier support zone has transitioned into a supply area. A decisive breakout above 24,400 will be required to revive upward momentum and push the index back towards the next hurdle at 24,600.
 
On the downside, the 24,100–24,000 zone remains a crucial support area, and a breakdown below this range could accelerate selling pressure towards the 23,800 level. Overall, a decisive breakout on either side will be critical in determining the next meaningful directional move.

 

Bank Nifty

Bank Nifty is currently trading in the 56,300–56,400 zone, broadly aligned with its 50-day EMA. From a technical perspective, the 56,900–57,100 range remains a key resistance zone, where persistent supply pressure continues to cap upside momentum. A sustained breakout above this band will be required to trigger further gains towards the 57,500–58,000 levels.

On the downside, the 56,200–55,800 zone serves as an important support area, and a breach below this range could lead to an extension of the decline towards the 55,500 level. Overall, the outlook remains cautious with a slight negative bias, unless a decisive breakout above resistance levels is observed.

Ponmudi R, CEO of Enrich Money

Today Nifty Outlook

NIFTY50

Today Bank Nifty Outlook

BANK NIFTY

orca apple store
+91

Already a User? ClickLogin

Download Orca

orca play storeorca apple store

Upcoming Webinars

All About Orca: From OI to Trade Mode

All About Orca: From OI to Trade Mode

Free

Telugu

25 Apr 202611:00AM

Commodity Market Analysis: Concepts, Tools and Techniques

Commodity Market Analysis: Concepts, Tools and Techniques

Free

kannada

25 Apr 202612:00PM

Option Trading: ഈ 5 കാര്യങ്ങൾ അറിയാതെ പോകരുത് – Explained Simply

Option Trading: ഈ 5 കാര്യങ്ങൾ അറിയാതെ പോകരുത് – Explained Simply

Free

Malayalam

25 Apr 20265:00PM

Mastering the Best Stock Market Indicators

Mastering the Best Stock Market Indicators

Free

Telugu

27 Apr 20265:00PM

Send all media enquiries to

digitalmarketing@enrichmoney.in

Enrich money logo